Case Details
Case Name: Gajra Brothers vs Infrastructure Leasing and Financial Services Ltd. (IL&FS) & Anr.
Court/Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Case Number: Comp. App. (AT) No. 68 of 2026
Order Date: 29th May, 2026
Parties Involved
Appellant: Gajra Brothers
Represented by: Mr. Vivek Punjabi, Jasmeet Singh, Pushpendra S Bhadoriya, Advocates
Respondents:
1. Infrastructure Leasing and Financial Services Ltd. (IL&FS)
2. Another Respondent (not named specifically)
Represented by: Mr. K. Dewan, Neeharika Aggarwal, Kaushtubh Srivastava, Advocates for Respondent 1 (IL&FS)
Tribunal Members:
- Justice Ashok Bhushan (Chairperson)
- Barun Mitra (Member Technical)
Procedural Developments
The learned counsel for IL&FS (Respondent 1) requested and was granted three weeks' time to file an affidavit in response to the appeal. The appellant (Gajra Brothers) is given two weeks thereafter to file any rejoinder affidavit. The matter has been listed for next hearing on 17th July, 2026.
Interim Directions
The order includes a status quo directive: "Any action taken in pursuance of the impugned order shall abide by the result of this appeal." This means any implementation or enforcement actions based on the order being appealed must respect the final outcome of this appeal.
Current Status
This is a procedural order dealing with the timeline for filing affidavits. The substantive issues of the appeal and the nature of the "impugned order" are not detailed in this particular document. The matter remains pending before the NCLAT with the next hearing scheduled for July 17, 2026.